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IDB Invest · 1 day ago

IDB Invest - Legal Director/Head of Compliance

Washington, DC

Full-time

Hybrid

Senior Level, Lead/Staff

10+ years exp

IDB Invest is the private sector arm of the IDB Group and an international financial institution committed to addressing the development needs of Latin America and the Caribbean. They are seeking a Compliance Director to lead the compliance functions within the Legal Department, focusing on non-financial risks and ensuring institutional integrity across operations and corporate activities.

FinanceFinancial ServicesLendingVenture Capital

H1B Sponsored

Responsibilities

Lead, manage, mentor and assess a highly skilled, interdisciplinary and multi-cultural group of attorneys and compliance professionals in the delivery of the services described herein ensuring consistent compliance advice to client areas, fostering a culture of innovation, accountability, and regional impact, and setting work expectations and goals, and providing timely feedback on performance

Serve as a strategic advisor on compliance matters, providing expert guidance to senior management and cross-functional teams to inform decision-making and organizational direction providing support regarding a wide range of legal, regulatory, policy, procedures, administrative and institutional matters related to non-financial risks in private sector and non-sovereign guaranteed operations

Oversee IDB Invest’s operational conflicts of interest framework, advising on the identification and management of, and development of solutions to mitigate, conflicts of interest in IDB Invest operations and in relation to IDB Group operations, acting as the designated Conflicts Office for IDB Invest

Oversee IDB Invest’s Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework, providing strategic guidance to senior management and internal teams on AML/CFT and economic sanctions risks

Design, implement, and oversee IDB Invest’s framework for the management of Material Non-Public Information (MNPI) to ensure compliance with applicable laws, regulations, and internal policies

Advise senior management and internal teams on nominee directorship program of IDB Invest, in collaboration with the Corporate Governance and the Equity & Mezzanine teams

Coordinate closely with legal, corporate governance, and the Office of Institutional Integrity to ensure alignment between compliance and institutional requirements, legal frameworks, and integrity and reputational safeguards

Mobilize and coordinate technical support for advisory services, oversee the drafting, review, and quality assurance of key deliverables, leading the execution of the compliance related technical cooperation facilities

Support supervision teams to guarantee the effective implementation of mitigation measures and value-added solutions in projects and programs of significant scope

Share knowledge within and outside the Legal Department, including through the design and implementation of a risk-based compliance training program to support the prevention and management of non-financial risks and foster the application of best practices

Keep abreast of trends in legal and compliance issues and precedents across IDB Invest member countries and make recommendations for standardized approaches and updated strategies

Serve as IDB Invest’s liaison with the Office of Institutional Integrity and the Office of Ethics, including by acting as a focal point for the definition and implementation of the services described in the respective SLAs

Represent the Legal Department in management committees, meetings of the Board of Executive Directors and institutional initiatives

Liaise and benchmark with other multilateral development institutions in relation to the non-financial risks described herein, representing IDB Invest in high-level forums, committees, and strategy meetings

In coordination with the ICL Managing Director, manage relationships with external legal counsel; supervise the selection and activities of external legal counsel retained to support compliance matters in a cost-effective manner

Support the ICL Managing Director in the annual resources planning for ICL, including budget, and ensure an appropriate execution throughout the year, in alignment with IDB Invest’s business plan and strategies

Qualification

Advanced Law DegreeCompliance Program DesignAML/CFT FrameworkCross-Border Financial RegulationLegal AdvisoryConflict of Interest ManagementInternational Financial Institution ExperienceStakeholder EngagementBilingual (English/Spanish)LeadershipMentoring

Required

An advanced Law degree (Juris Doctor, LL.M. or equivalent) from an accredited law school in an IDB Group (IDBG) member country

Admission to practice law in at least one jurisdiction in an IDBG member country

At least 10 years of experience as senior attorney and compliance professional

Preferably 15 years of relevant and progressive substantive experience working in international law firm, regulated financial institution, or International Financial Institution (IFI), covering cross-border securities/financial regulation; conflicts of interest; AML/CFT; fraud/corruption; and compliance program design/implementation

Must possess a strong understanding of client needs and challenges as well as deep knowledge of the legal and compliance environments within each of the different countries where IDB Invest conducts business

Prior experience acting in a similar role in a development bank, and an understanding of the operational frameworks of public sector and/or multilateral institutions (including their special governance, mandates, safeguards, and oversight mechanisms and administrative sanctions procedures) is highly desirable

Excellent oral and written professional proficiency in English and Spanish is required

Preferred

Experience in financial markets and/or emerging markets is a plus

Knowledge of Portuguese and/or French is a plus

Benefits

A competitive compensation package, including an annual base salary expressed on a net-of-tax basis.

Leaves and vacations: 24 days of paid time off + 8 personal days + sick leave + gender-neutral parental leave.

Health Insurance: IDB Group provides employees and eligible dependents with a robust medical benefits program that covers medical, dental, vision, preventive care, and prescription drugs.

Pension plan: defined benefit pension plan that provides financial security and support employees in planning for their future.

We offer assistance with relocation and visa applications for you and your family when it applies.

Hybrid and flexible work schedules.

Health and well-being: Access to our Health Services Center that provides preventive care and health education for employees.

Development support: We offer tools to boost your professional profile, such as mentoring, 1:1 professional counseling, training and learning opportunities, language classes, mobility options, among others.

Other perks: Lactation Room, Daycare Center, Gym, Bike Racks, Parking, Spouse Career Program, and others.

Company

IDB Invest

IDB Invest provides financial solutions and advisory services that meet the needs of its clients in a variety of industries. It is a sub-organization of Inter American Development Bank.

Founded in 1986

Washington, District of Columbia, USA

201-500 employees